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Friday, April 1, 2011

PR pandai memerintah BN pandai buat hutang.

Pakatan lebih baik dari BN selesai masalah rakyat
Aziz Muda   

KUALA LUMPUR, 31 Mac: Kerajaan Pakatan Rakyat Selangor kini terbukti lebih berkemampuan dalam mengurus tadbir negeri dan menyelesaikan masalah-masalah rakyat berbanding BN, dengan kejayaannya melaksanakan pelbagai projek untuk rakyat.

Kejayaan perlaksanaan projek Taman Selayang Mutiara atau Bukit Botak, jelas membuktikan Kerajaan Pakatan Rakyat Selangor lebih berkeupayaan dalam menyelesaikan masalah-masalah rakyat, apabila ia gagal diselesaikan oleh Kerajaan BN sebelum ini.

Pengerusi Jawatankuasa Tetap Perumahan, Pengurusan Bangunan dan Setinggan Selangor, Iskandar Abdul Samad menegaskan, kejayaan perlaksanaan projek itu juga jelas menunjukkan cara penyelesaian untuk masalah peneroka bandar Kerajaan Pakatan Rakyat adalah lebih baik dari cara Kerajaan BN.

Menurut beliau, projek tersebut melibatkan pembinaan 1,422 unit rumah berkembar dengan keluasan setiap unit adalah 850 kaki persegi dan dikhaskan untuk bekas peneroka bandar Kampung Bukit Botak.
Katanya, lebih menyerlahkan lagi keprihatinan Kerajaan Pakatan Rakyat Selangor terhadap masalah rakyat, apabila setiap unit rumah itu hanya dijual dengan harga RM99,000 walhal harganya di pasaran terbuka adalah sekurang-kurangnya RM170,000 seunit. 

"Projek tersebut sedang berjalan lancar sekarang dengan kemajuan di tapak telah mencapai 21 peratus," katanya dalam satu kenyataan kepada Harakahdaily, hari ini.

Berdasarkan kemajuan di tapak, menurut beliau, projek yang dilaksanakan PKNS itu berupaya disiapkan sepenuhnya menurut jadual iaitu pada bulan Jun 2012 ini.

Beliau yang juga Adun Cempaka menjelaskan, projek tersebut dibahagikan kepada 6 fasa agar ia dapat dilaksanakan serentak dan akan disiapkan secara berperingkat-peringkat.

"Jadi, sebarang masalah yang dihadapi sekarang adalah masalah biasa yang dihadapi oleh sebarang projek pembinaan dan akan dapat diatasi," jelasnya.

Untuk memastikan segalanya berjalan mengikut yang dirancangkan, beliau sendiri telah melakukan lawatan tapak terhadap projek itu 25 Mac lalu dan cukup berpuas hati dengan perkembangannya. 

Turut bersama beliau dalam lawatan itu Yang Dipertua Majlis Perbandaran Selayang, Datuk Zainal Abidin A'ala, Timbalan Pengurus Besar (Teknikal) PKNS, Ir Abdul Ghani Hashim dan Penyelaras Dun Taman Templer, Haji Mohammad Abdul Rahman.


HUTANG KERAJAAN MALAYSIA

Bank Negara says as of 31 March 2010, the total Government debt was RM 378 billion, with approximately half of this burden a result of Dr Mahathir's 22 year administration.

What sometimes fails to get mentioned is the Government's contingent liability which refers to the debt that is made to privatized companies that is guaranteed by the Government. As of 31 March 2010, that number stood at RM 87 billion.

For a majority of these loans, it is for all means and purposes is Government debt. Whilst the debtor may be your favourite neighbourhood GLC or SPV, the Government is the one paying for the interest or making provision for paying off the principle. Examples would be the MAS loan, the KLIA loan, the Sarawak Hidro loan, etc, etc. In fact I think it would be easier to just list down the 1 or 2 which are being paid off by the private company themselves and know that the rest of these loans are being paid through public funds.

I think its slightly over a month back that Idris Jala pricked the bubble of indifference and "tidak apa" attitude that had plauged the country. Jala pronounced national bankruptcy by 2019 but essentially offered no concrete solution apart from the famous refrain of cutting subsidy.

Over the last month or so, nothing has changed for the better. In fact Petronas was forced to issue some clumsily worded statement committing to pay the sum of RM 30 billion a year in dividend whilst at the same time borrowing money from the capital markets to fund the expansion.

Is this a bad thing? Should Petronas continue to pay RM 30 billion a year whilst at the same time issue bonds to fund their expansion? Well it depends on the target debt ratio - I have yet to look at Petronas debt ratio but if the act of borrowing money pushes Petronas debt ratio beyond its optimal structure then this is not good indeed.And since the problems facing the country,a legacy of the founder of Perkasa and his rabble rouser goons are structural then what this means is that this problem is not going away soon. So in all probability we will see Petronas exchange its AAA credit rating for something lower if it cannot afford to pay RM 30 billion a year to the Government but still does so due to "other reasons".

I am awaiting the 2nd Quarter Government revenues. If the number was half as bad as the first quarter then we probably would hit RM 410 B of borrowings by the end of the year. Add to this the contingent liability, and we have a net credit liability of RM 500 billion. Thats more than 60% of GDP and this would affect the cost of Government borrowing.

I wonder why the Perkasa founder is silent on this matter. I for one have always been consistent on letting the Perkasa founder and his goon of a "political son" - the nefarious Ibrahim Ali to get their way.

The outcome of the 22 years of bad governance cannot be altered. But sometimes we should ensure the consequences are faced sooner rather than later so that we will not have to deal with the nincompoops that bark Ibrahim Ali's name at every turn.

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